Real Estate Investing in Milwaukee County, Wisconsin

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

35 ZIP codes • Population: 927,688

Should you buy in Milwaukee County, WI? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (58/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.1 / 5 (53/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.1% vacancy may signal weakening demand.

What’s happening in Milwaukee County, WI?

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3.1/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $299,003
Avg Monthly Rent $1,417
ZIP Codes 35

Investing in Milwaukee County Real Estate

Milwaukee County spans 35 ZIP codes across 13 cities in Wisconsin, with a population of 927,688. The county's thin investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

A 3.1 rating and a 0.0% 5-year CAGR are the kinds of numbers that warrant real local underwriting. Milwaukee County sits firmly in that category.

A 927,688 population and $N/AK household income profile is what makes Milwaukee a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Milwaukee County, WI. Anonymous, moderated, never written by AI.

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Property managers serving Milwaukee County

Manage rentals here? List your business →

Bodner Properties offers great apartments for rent in the Greater Milwaukee area. summary from their website

Small multifamily
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Home Path Property Management offers home rentals, build-to-rent options, and vacation rentals in the Milwaukee Area. summary from their website

Short-term rentals
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MPC Property Management offers a wide range of property management services for residential, commercial, and association properties in Wisconsin. summary from their website

Single-familySmall multifamilyCommercialHOA
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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$299,003
Avg Monthly Rent
$1,417
1% Rule
βœ— Below
Landlord Friendly (WI)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Milwaukee County

18 Colleges 58,815 Students 6,529 Off-Campus Renters
B
Marquette University
4-Year Private Β· 11,373 students
C+
Milwaukee School of Engineering
4-Year Private Β· 2,834 students
C+
University of Wisconsin-Milwaukee
4-Year Public Β· 22,481 students
πŸ“ ~1,438 students rent off-campus
C+
Milwaukee Area Technical College
2-Year Public Β· 13,190 students
πŸ“ ~5,091 students rent off-campus
C+
The Institute of Beauty and Wellness
Vocational For-Profit Β· 207 students
C+
VICI Beauty School
2-Year For-Profit Β· 104 students
C+
Wisconsin Lutheran College
4-Year Private Β· 1,094 students
C
Milwaukee Institute of Art & Design
4-Year Private Β· 885 students
C
Alverno College
4-Year Private Β· 1,719 students
C
Mount Mary University
4-Year Private Β· 1,224 students
C
Medical College of Wisconsin
4-Year Private Β· 1,661 students
C
Sacred Heart Seminary and School of Theology
4-Year Private Β· 153 students
C
Wisconsin School of Professional Psychology
4-Year Private Β· 76 students
C
Paul Mitchell the School-Milwaukee
Vocational For-Profit Β· 111 students
D
Bryant & Stratton College-Wauwatosa
4-Year Private Β· 952 students
D
Empire Beauty School-Milwaukee
Vocational For-Profit Β· 98 students
D
Milwaukee Career College
2-Year For-Profit Β· 73 students
D
University of Wisconsin-Milwaukee Flex
4-Year Public Β· 580 students

Investor Insight: With 6,529 students living off-campus, Milwaukee County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Milwaukee County

ZIP Codes in Milwaukee County, WI

53215 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 58,375
Avg Home $226,714
Avg Rent $1,140/mo
53209 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 44,963
Avg Home $169,884
Avg Rent $1,444/mo
53218 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 40,581
Avg Home $170,935
Avg Rent $1,368/mo
53204 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 40,008
Avg Home $165,636
Avg Rent $1,459/mo
53221 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 38,428
Avg Home $298,652
Avg Rent $1,309/mo
53154 β˜… β˜… β˜… β˜… β˜…
Oak Creek
Population 36,473
Avg Home $418,599
Avg Rent $1,776/mo
53132 β˜… β˜… β˜… β˜… β˜…
Franklin
Population 35,272
Avg Home $451,315
Avg Rent $1,968/mo
53214 β˜… β˜… β˜… β˜… β˜…
West Allis
Population 35,010
Avg Home $267,839
Avg Rent $1,397/mo
53219 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 34,855
Avg Home $277,301
Avg Rent $1,268/mo
53207 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 34,536
Avg Home $315,068
Avg Rent $1,654/mo
53211 β˜… β˜… β˜… β˜… β˜…
Shorewood
Population 34,427
Avg Home $539,534
Avg Rent $1,401/mo
53217 β˜… β˜… β˜… β˜… β˜…
Fox Point
Population 30,381
Avg Home $589,615
Avg Rent $1,767/mo
53216 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 29,772
Avg Home $180,127
Avg Rent $1,170/mo
53223 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 29,287
Avg Home $237,960
Avg Rent $1,745/mo
53212 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 29,099
Avg Home $217,764
Avg Rent $1,231/mo
53220 β˜… β˜… β˜… β˜… β˜…
Greenfield
Population 27,678
Avg Home $307,642
Avg Rent $1,180/mo
53208 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 27,407
Avg Home $240,135
Avg Rent $1,376/mo
53213 β˜… β˜… β˜… β˜… β˜…
Wauwatosa
Population 26,293
Avg Home $442,382
Avg Rent $1,749/mo
53202 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 26,269
Avg Home $369,577
Avg Rent $1,743/mo
53225 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 25,277
Avg Home $242,897
Avg Rent $1,208/mo
53210 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 24,605
Avg Home $172,030
Avg Rent $1,248/mo
53222 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 24,400
Avg Home $272,576
Avg Rent $1,611/mo
53227 β˜… β˜… β˜… β˜… β˜…
West Allis
Population 22,988
Avg Home $303,405
Avg Rent $1,175/mo
53224 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 21,445
Avg Home $248,061
Avg Rent $1,448/mo
53172 β˜… β˜… β˜… β˜… β˜…
South Milwaukee
Population 20,547
Avg Home $314,995
Avg Rent $1,154/mo
53206 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 20,219
Avg Home $96,525
Avg Rent $1,014/mo
53226 β˜… β˜… β˜… β˜… β˜…
Wauwatosa
Population 18,893
Avg Home $423,910
Avg Rent $1,609/mo
53110 β˜… β˜… β˜… β˜… β˜…
Cudahy
Population 17,964
Avg Home $296,465
Avg Rent $1,332/mo
53228 β˜… β˜… β˜… β˜… β˜…
Greenfield
Population 15,084
Avg Home $368,739
Avg Rent $1,400/mo
53129 β˜… β˜… β˜… β˜… β˜…
Greendale
Population 14,607
Avg Home $397,054
Avg Rent $1,073/mo
53233 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 14,412
Avg Home $187,689
Avg Rent $1,101/mo
53235 β˜… β˜… β˜… β˜… β˜…
Saint Francis
Population 9,318
Avg Home $292,977
Avg Rent $1,643/mo
53205 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 9,091
Avg Home $157,513
Avg Rent $1,543/mo
53130 β˜… β˜… β˜… β˜… β˜…
Hales Corners
Population 7,647
Avg Home $417,678
Avg Rent $1,363/mo
53203 β˜… β˜… β˜… β˜… β˜…
Milwaukee
Population 2,077
Avg Home $385,903
Avg Rent $1,529/mo

Screen every market in Milwaukee County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Milwaukee County

How does, WI stack up against WI overall?

within WI reads broadly in line with the state benchmark. Investors comparing markets should weight local data above the statewide aggregate.

What is the investability score for, WI?

With a 3.1/5 investability score, WI ranks as a solid market for rental property investors. Median prices of $299K and rents of $1,417/mo drive the underlying numbers.

What is the tenant pool like in, WI?

, WI draws a even-keeled base of working renters. Demand at the $1,417/mo rent level is reasonable for standard single-family and small multi rentals.

What is the typical vacancy rate in, WI?

Expect elevated vacancy in, WI. Rents at $1,417/mo are absorbed by the tenant base without meaningful lag.

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